No, your reply was a flagrant straw man. "every such idea must be true" != "confusing chance with wisdom or luck with skill." A straw man is where you're evading an argument by pretending it's something it isn't.

I certainly didn't "convert his point" into anything more "stupid" than what he said. In a somewhat farcically stereotypical way, this venture capitalist argues he makes decisions -- better than a coin toss presumably -- based on the notion that "domain experts" know what they're talking about. My contention was that venture capitalists don't pick winners better than a coin toss at all. They are simply gambling. When they win a jackpot, they construct a fiction that the win was predestined on some rational basis and not simply chance.

(Persisting with your ad hominem, by the way, isn't working.)